PYMNTS

MAY 31, 2020

Uber has been approved by the National Economic Prosecutor’s Office (FNE), Chile’s antitrust regulator, to acquire the Chilean grocery shopping app Cornershop, according to an FNE statement. Although Chile has now granted permission, Mexico regulators still have not.

Online 163

Online Regulation Retail Regional 163

PYMNTS

AUGUST 29, 2018

Users in the region are able to spend and acquire Dash through their mobile phones, which comes loaded with the Dash ecosystem. In other news, the Alabama Securities Commission (ASC) is working on “Operation Cryptosweep” with the North American Securities Administrators Association, AL.com reported.

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Alabama Operations Bitcoin cryptocurrency 100

PYMNTS

JULY 23, 2020

Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. the region. There were 441 FinTechs operating in Mexico in 2019, a 14 percent increase from 2018. Open Banking And Digital Readiness.

America 165

America Regulation Regional Tools 165

PYMNTS

NOVEMBER 8, 2020

Authorities in the Philippines are probing a law office and tour operator for potential connections to Wirecard , the payments provider disgraced after a global scandal, and Jan Marsalek , its former chief operating officer who has been on the run for the past several months, according to the Financial Times (FT).

Regional 233

Regional Operations National Payments 233

FICO

MARCH 7, 2023

Home Blog FICO Responsible AI: Are European Firms Ready for the Regulators? There are significant changes coming in Europe, which highlight getting a handle on responsible AI use, with the banking and financial services sector among those that will be most impacted by increasing regulation.

Regulation 52

Regulation America Compliance Fraud 52

PYMNTS

JULY 16, 2020

The top court of the 28-nation bloc ruled the transfer of personal data to platforms in the U.S. will face a potential disruption of their operations. Companies will have to choose between whether to move personal data to servers in Europe or stop doing business in the region. servers, The Wall Street Journal reported.

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Data US Regional Resources 212

PYMNTS

SEPTEMBER 30, 2019

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. Together, we are 80 percent of the region,” Indonesian Communications Minister Rudiantara told the newswire. Reuters noted this past week that such approaches would take place through a unified effort.

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Taxes Regulation cryptocurrency Google 133

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S. The law is still ambiguous.

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

DECEMBER 10, 2020

and Europe the ability to send secure funds to 12 nations in Africa for a reduced charge. PayPal’s Remittance Arm Xoom Enables Low-Fee Wallet Transfers Across Africa. Xoom, PayPal's money transfer arm, is now offering clients in the U.S., Canada, U.K. Sending money to Africa through traditional channels has always been expensive.

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Payments Google Technology Taxes 178

PYMNTS

JULY 24, 2020

The company had launched an online marketplace for 34 countries in the region last year and recently acquired a minority stake in the eCommerce solutions provider with which it collaborated on the effort. Platforms also need to be sure that they can comply with the regulations of each country they serve.

Compliance 152

Compliance Report Payments Security 152

Jeff For Banks

NOVEMBER 24, 2019

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Clearly, blue-suit regulators stood out. The bank, First National Bank of Keystone, was $1.1 I'm not making this up.

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National West Virginia Virginia Pennsylvania 78

PYMNTS

MARCH 25, 2019

The Netherlands, for instance, only recently implemented it because it needed to make sure that consumers’ personal data will remain protected, as payments in the region are mostly digital. The country was unenthused, she said, adding that the new PSD2 law is viewed as “a way of regulating activity that is in the market already.”.

Regional 108

Regional Regulation Data Payments 108

PYMNTS

FEBRUARY 25, 2020

The country’s recent cybersecurity and Open Banking developments have thus been the subjects of extensive scrutiny among its own regulators, as well as among cyber and financial experts around the world. Chinese regulators are also working on regulations to shore up application programming interface (API) innovations and platform banking.

Regulation 140

Regulation Compliance Online Data 140

PYMNTS

AUGUST 12, 2019

The social media giant could be faced with billions of euros in fines as well as forced to alter some of its business operations. The EU’s privacy enforcement for Facebook is led by Ireland’s Data Protection Commission since the social platform’s regional headquarters are in Dublin. The EU investigations come on the heels of the U.S.

social media 100

social media Regulation Regional Data 100

Bobsguide

APRIL 13, 2022

Dubai, UAE – April 13, 2022 – Finastra today announced that Banque Misr, the second largest national bank in Egypt with international presence, has selected Fusion Trade Innovation and Fusion Corporate Channels to digitalize its trade finance services and provide a premium user experience.

Regional 113

Regional Innovation User Experience Software 113

PYMNTS

FEBRUARY 14, 2020

In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. An ambitious goal, to be sure, and one that the U.N. The Micro Level.

How To 205

How To National Fraud Data 205

PYMNTS

SEPTEMBER 11, 2019

Currently, there are 57 real-time payments rails operating in more than 72 countries, with even more under construction. Different regions have their own unique payment rails, and no two abide by the same regulatory framework. Other initiatives are being spearheaded across regions. So, what’s the problem?

Payments 190

Payments Regional Operations Guidelines 190

PYMNTS

AUGUST 16, 2019

Axos Bank parent company Axos Financial has rolled out out commercial banking operations across new markets in the U.S., “The nation’s two largest metropolitan areas are home to a majority of our commercial lending and banking clients,” said Greg Garrabrants, president and CEO of Axos, in a statement.

Los Angeles 101

Los Angeles New York FDIC Lending 101

PYMNTS

AUGUST 7, 2017

United Arab Emirates (UAE) regulators are setting out to establish a framework to guide the small business (SMB) crowdfunding market, news reports on Sunday (Aug. Reports noted that regulators are aiming to promote innovation and a broadening of small business investment activity.

Regulation 105

Regulation Regional National Report 105

PYMNTS

NOVEMBER 25, 2019

To that end, in France a number of media enterprises — ranging from the APIG press alliance, which represents dozens of national and regional papers, to AFP and the union of magazine editors — have filed complaints with EU regulators over copyright laws. As reported , Google is in a partnership with Ascension Health.

Taxes 130

Taxes Google Data Regulation 130

PYMNTS

JANUARY 6, 2020

The nation has watched many European countries go through this process over the past year, so impacts on its financial ecosystem are at least expected if firms have not yet experienced them. Turkish regulators and government officials spent less time deliberating whether they wanted to implement PSD2 and more considering how to integrate it.

Regulation 131

Regulation Industry Data Regional 131

PYMNTS

DECEMBER 9, 2020

Clearly there's regional saturation, which leads to consolidation.”. Lukies said that prior to the 2008 financial crisis, regulators and the like normally left banks to their own devices, as long as they didn’t mess it up so that people couldn’t pay their bills or go shopping. Banks Let Themselves Get Left Behind.

Innovation 306

Innovation Fintech Payments Regulation 306

PYMNTS

FEBRUARY 21, 2018

Montroll operated an unregistered online securities exchange and defrauded its users by misappropriating their bitcoins. We allege that BitFunder operated unlawfully as an unregistered securities exchange,” Marc Berger, director of the SEC’s New York regional office, said in the release.

Fraud 102

Fraud Bitcoin New York Regional 102

PYMNTS

JULY 17, 2019

“They leapfrogged all the traditional mechanisms and went straight to mobile adoption and biometrics , and that has a significant impact on how the digital identity market operates there, how people respond to it, and what their expectations are,” Cohen told Webster. Europe’s General Data Protection Regulation springs to mind.).

Course 185

Course Regional Policies Data 185

PYMNTS

JUNE 27, 2019

s South West Regional Cyber Crime Unit (SW RCCU), in a joint operation with the Dutch police (Politie), Europol, Eurojust and the U.K.’s s National Crime Agency (NCA), have arrested 6 individuals after a 14-month long investigation into a €24 million cryptocurrency theft. In other news, it was announced that the U.K.’s

ATM 115

ATM Bitcoin San Francisco cryptocurrency 115

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

AUGUST 20, 2018

Three months in, the European Union’s General Data Protection Regulation still stymies some firms seeking to comply with new rules and regulations governing data protection and privacy. Despite direct exposure to the region, they remain unaware of the GDPR requirements. Japan Eyes Cryptos, Yet Again.

Fintech 101

Fintech Survey Regulation Resources 101

PYMNTS

JUNE 4, 2018

has lagged behind other regions (notably Europe, and, for example, the U.K.) In news separate from the sandbox announcement, yet germane to the financial industry in general, loan terms are sweetening, with some regulators starting to worry about looser lending standards, leading to annual lending growth of 3 percent.

Fintech 119

Fintech Lending Regulation Examples 119

South State Correspondent

AUGUST 21, 2022

Meet Competitive Pressures: National and larger regional banks are specifically targeting better borrowers for seven, ten, or 20-year fixed-rate loans. We believe that community banks should choose a path that offers the most operational flexibility.

How To 195

How To Community Bank Community FDIC 195

PYMNTS

SEPTEMBER 7, 2018

In addition, the official noted that the region has “seen cases recently where AML issues have compromised the functioning and even the viability of some banks, so it is very important here to move forward.”. Monitoring money-laundering, however, is usually handled at the national level.

Regional 109

Regional Compliance Regulation Meeting 109

PYMNTS

JUNE 27, 2019

Digital enterprises are going regional and instant payments are going national (and earlier than originally scheduled). Nubank’s $10B Regional Expansion . The BCB has officially unveiled details of its newly developed blockchain platform, Pier, designed to facilitate information exchange between financial regulators.

blockchain 147

blockchain Payments Regional America 147

PYMNTS

OCTOBER 11, 2016

Treasury has reportedly dubbed international payments processor PacNet, which operates Counting House, a “criminal organization,” and reports said the move could cause trouble for FX brokers. ” PacNet has operations in Canada, the U.K. ” PacNet has operations in Canada, the U.K.

United States 100

United States Operations Regional Report 100

PYMNTS

JANUARY 28, 2019

The report explores how companies in G20 nations are preparing for risks related to technological disruption, regulation and cybersecurity. Overall, organizations did not score well, according to Kevin Hewitt, FTI Consulting’s chairman of the EMEA region.

Management 145

Management Risk Management Survey Security 145

PYMNTS

JULY 21, 2017

Fraud varies country to country, region to region. As has been widely noted, the region has paved the way for the adoption of EMV, and its embrace by merchants in the EU, mandated though it has been, has steered hackers and criminals to online methods of siphoning funds from consumers and cheating companies.

Fraud 116

Fraud United States Regional Cards 116

PYMNTS

JUNE 7, 2018

Now that principle applies to Europe’s General Data Protection Regulation (GDPR) – at least according to one report. The regulation requires companies to provide more transparency over how consumer data is used. Skillful criminals know how to use crowds — just ask anyone who has been pickpocketed in a subway station.

Los Angeles 107

Los Angeles Google Regulation Data 107

PYMNTS

SEPTEMBER 11, 2019

One of the first neobanks in the region, Nubank , traces its genesis back to 2013, having raised hundreds of millions of dollars to expand across several financing rounds. In addition, passporting can help companies expand services across nations. In terms of technology, APIs help facilitate access to that data.

Digital Banking 160

Digital Banking Millennials Mobile Regulation 160

FluentBanking

APRIL 18, 2020

It is important to know thoroughly about the syllabus and regulations of any course before enrolling in that. The Admit Cards of the candidates of Dhaka city will be sent by the Institute to the Local Office/Zonal Office/Regional Office/Administration Department of the Head Office of their respective bank/financial institution.

Regulation 52

Regulation Case Study Security Management 52